Indices are pulling back.
Oil remains above $100.
$BTC has lost its uptrend of higher lows after getting rejected at $76K.
To me, this suggests a continuation of the trend, and I’d be looking for a sweep of the $60K low.
That would be an ideal scenario for accumulation and of course, everything remains correlated with the indices.
If the indices reverse higher due to a news event or something else, I’d expect Bitcoin to follow.
If that doesn’t happen, a continuation lower looks very likely.
My invalidation level? A break above $71K.